US State Department: Kosovo does not meet minimum fiscal transparency criteria either

Kosovo is ranked among 72 states that do not meet even the minimum criteria of fiscal transparency. So says the U.S. State Department report on Fiscal Transparency.

Part of the states that did not meet the minimum criteria were other countries in Europe, such as Albania, Bosnia and Herzegovina, Northern Macedonia, Serbia, Slovakia and Slovenia, writes Insander newspaper.

The “Department concluded that, out of the estimated 140 (even Palestinian authority), the governments of 72 states met the minimum requirements of fiscal transparency. Sixty-nine [sosh] failed to meet the minimum requirements of fiscal transparency. Of these 69, however, 25 made significant progress towards meeting the minimum requirements of fiscal transparency”, the UN report said.

However, neither Kosovo nor the countries of the region were among the states marking progress towards fiscal transparency.

Fiscal transparency informs citizens of how government revenues and taxes are spent, as well as an important element of effective public finance management.